Real estate news

• Ocwen nearing massive MSR deal with New Residential

  01-05-2017 23:35
  
  Amid some concerns that New Residential Investment may pull some of its mortgage subservicing from Ocwen Financial, the two companies are reportedly close to a massive mortgage servicing rights deal that would alleviate some of Ocwen’s business concerns and make New Residential a significant investor in Ocwen itself.
  
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• Credit risk transfer market looks to expand as more investors join

  01-05-2017 23:09
  
  The credit risk transfer market is getting ready for the possibility of GSE reform, as some industry experts forecast it could be coming soon. At the MBA’s secondary conference in the New York City, panelists explain more investors will continue to join the market in the near future.
  
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• NCUA recovers $445M from UBS for RMBS losses

  01-05-2017 22:50
  
  The National Credit Union Administration announced it recovered even more money from losses over residential mortgage backed securities. This time around NCUA, on behalf of U.S. Central Federal Credit Union and Western Corporate Federal Credit Union, recovered $445 million from UBS.
  
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• NCUA recovers $445 million from UBS for RMBS losses

  01-05-2017 22:50
  
  The National Credit Union Administration announced it recovered even more money from losses over residential mortgage backed securities. This time around NCUA, on behalf of U.S. Central Federal Credit Union and Western Corporate Federal Credit Union, recovered $445 million from UBS.
  
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• Is There Hope for the Homeownership Rate?

  01-05-2017 22:47
  
  The homeownership rate clung to 63.6 percent in the first quarter of 2017, virtually unchanged from 63.7 percent the quarter prior and 63.5 percent the year prior, according to the U.S. Census Bureau’s recent Quarterly Housing Vacancies and Homeownership report. Will it ever budge?
  The answer, potentially, lies in a different statistic. An analysis of the Census report by Trulia determined that owner households formed at double the rate of renter households in the first quarter—a clu
  
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• Flood Insurance Critical for a Vibrant Housing Market

  01-05-2017 22:41
  
  Each year, the federal government spends billions of dollars on disaster relief to flood victims—all at taxpayer expense. While floods claim more lives and property than any other natural disaster, it’s important to note that flood disasters have been declared in every state in the past five years alone. Floods are not only coastal issues, either—they can occur along rivers, lakes and creeks. In fact, 25 percent of flood losses come from outside “flood zones.” If mo
  
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• 10 Myths About The Real Estate Industry, Debunked - Forbes

  01-05-2017 22:00
  
  Forbes
  10 Myths About The Real Estate Industry, Debunked
  Forbes
  As flexible schedules and independent work become more appealing (and accepted), more and more people — including a surge of millennials — are joining the real estate business. But while there can be many perks, there are also a lot of industry ...
  Wheeler Real Estate Investment Trust's (WHLR) CEO Jon Wheeler on Q1 2017 Results - Earnings Call TranscriptSeeking Alphaall 104 news articles »
  
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• Meet The Members Of Forbes Real Estate Council - Forbes

  01-05-2017 21:54
  
  Forbes
  Meet The Members Of Forbes Real Estate Council
  Forbes
  From owners of high-level brokerages and agencies to senior-level executives of real estate technology companies, industry search databases, and unique concepts paving the way for the future of the real estate business, members of the Forbes Real ...
  
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• Cardinal Financial premieres wholesale channel

  01-05-2017 20:56
  
  Cardinal Financial Company announced the launch of Cardinal Financial Wholesale, its new wholesale channel. On top of this, the company is increasing its digital efforts, revealing a new end-to-end digital solution for the wholesale loan process.
  
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• Consensus from MBA Secondary: The time for GSE reform is now

  01-05-2017 20:12
  
  At the Mortgage Bankers Association’s Secondary conference in New York City, the FHFA gave an update on the secondary market in one of the first sessions of the day. FHFA’s acting deputy director gave the latest info on the credit box and touched on one of this year’s hottest topics – GSE reform.
  
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• Republicans shift into overdrive to pass Dodd-Frank replacement

  01-05-2017 19:37
  
  The House Committee on Financial Services is set to mark up the Republican-led Financial CHOICE Act, the leading replacement for the Dodd-Frank Wall Street Reform and Consumer Protection Act, on Tuesday. And moving quickly to the scheduled markup, committee Republicans aren't wasting any time. So what is their latest move to get their point across to constituents? A 90-second promotional video.
  
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• Supreme Court rules cities can sue banks for predatory lending

  01-05-2017 18:21
  
  The Supreme Court handed down a landmark ruling, stating that cities can sue banks for discriminatory mortgage lending practices, but cautioned that the burden of proof could be difficult to achieve. The ruling stems from a lawsuit brought by city of Miami, which sued Bank of America, Wells Fargo, and Citigroup in 2013, stating that the banks engaged in predatory lending to minority borrowers in the city.
  
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• Interest rates, falling production and policy weigh on mortgage industry

  01-05-2017 18:00
  
  Depending on who you ask, talk of GSE reform is either all the rage or totally absent from the discussion at the MBA Secondary conference taking place right now in New York City. Here, in a HousingWire exclusive, Christopher Whalen discusses his view of the GSE reform discussion (or lack thereof) and other observations from the conference.
  
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• Real Estate Investor Donates $6 Million to UT Austin's McCombs School of Business - UT News | The University of Texas at Austin

  01-05-2017 16:01
  
  UT News | The University of Texas at Austin
  Real Estate Investor Donates $6 Million to UT Austin's McCombs School of Business
  UT News | The University of Texas at Austin
  “This gift will catapult forward a real estate program that is already among the world's elite,” said Jay Hartzell, dean of the McCombs School. “We will be second to none in our ability to provide experiential learning for our undergraduate and ...and more »
  
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• First-quarter real estate sales nearly double - The Wilton Bulletin

  01-05-2017 15:41
  
  The Wilton Bulletin
  First-quarter real estate sales nearly double
  The Wilton Bulletin
  Wilton turned in a powerful first quarter for single-family home sales, with 44 houses being sold, up from 26 a year earlier. That was a remarkable increase of 69.2%, and was the strongest showing of any town in lower Fairfield County. The data was ...
  
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• Tempe Union officials ponder going into the real estate business - East Valley Tribune

  01-05-2017 15:08
  
  East Valley Tribune
  Tempe Union officials ponder going into the real estate business
  East Valley Tribune
  Tempe Union High School District would enter a long-term arrangement with one or more developers under three options being considered for getting revenue from vacant land it owns in Chandler. The options came under review by governing board ...
  
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• Exclusive: Convene Raises $68 Million to “Starwood-ify” offices - Fortune

  01-05-2017 15:04
  
  Fortune
  Exclusive: Convene Raises $68 Million to “Starwood-ify” offices
  Fortune
  This article first appeared in Term Sheet, Fortune's newsletter on deals and dealmakers. Sign up here. Increasingly, venture investors view real estate as the next industry to be transformed by disruptive technology. But as they start investing in the ...and more »
  
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• The reality of real estate: From Ranger to realtor - SOFREP (press release) (subscription)

  01-05-2017 14:00
  
  SOFREP (press release) (subscription)
  The reality of real estate: From Ranger to realtor
  SOFREP (press release) (subscription)
  Real estate is a seductive industry. I don't know how many times I've heard veterans tell me, “Yeah man, I'm considering getting my real estate license and making some serious money.” They always have a friend of a friend who got out of the military ...
  
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• What is the Real Estate Regulation Act (RERA)? Here is how it will help buyers - The Indian Express

  01-05-2017 13:35
  
  The Indian Express
  What is the Real Estate Regulation Act (RERA)? Here is how it will help buyers
  The Indian Express
  RERA seeks to bring clarity and fair practices that would protect the interests of buyers and also impose penalties on errant builders. 129. Shares. Facebook · Twitter · Google Plus · Whatsapp. By: Express Web Desk | New Delhi | Updated: May 1, 2017 5 ...
  Why you shouldn't rush to buy soaring real estate stocksEconomic Times
  Aggrieved home buyers yet to under
  
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• A&E buying seven Queens buildings for $83M - The Real Deal Magazine

  01-05-2017 13:01
  
  The Real Deal Magazine
  A&E buying seven Queens buildings for $83M
  The Real Deal Magazine
  A&E Real Estate Holdings is in contract to buy a seven-building Queens portfolio for $82.8 million, in its latest grab at the few remaining New York City multifamily holdings of global alternative asset manager Ares Management, sources told The Real Deal.
  
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• The advantages of owning real estate in a single-member LLC - MarketWatch

  01-05-2017 12:55
  
  MarketWatch
  The advantages of owning real estate in a single-member LLC
  MarketWatch
  Single-member limited liability companies (SMLLCs) are limited liability companies (LLCs) with only one member (owner). As with a corporation, operating a business or investment activity as an LLC generally protects your personal assets from exposure ...
  
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• Life After Oil Makes Real Estate Canada's New Economic Crutch - Bloomberg

  01-05-2017 12:00
  
  Bloomberg
  Life After Oil Makes Real Estate Canada's New Economic Crutch
  Bloomberg
  Two things happened last week that were a reminder of just how vital real estate has become to Canada's economy. On Friday, Statistics Canada released gross domestic product data that showed February was a banner month for sectors linked to housing.
  Real Estate Is The Only Reason Canada's GDP Grew In FebruaryBetter Dwellingall 3 news articles »
  
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• Looking for real estate in Boston? 3 zip codes to check out - WCVB Boston

  01-05-2017 11:52
  
  Looking for real estate in Boston? 3 zip codes to check out
  WCVB Boston
  Boston real estate is hot right now and home prices are only going up. So how and where can you get in to the game? Advertisement. WEBVTT HAVE LED TO FEWER OVERDOSE DEATHS.ANTOINETTE: 5:19.NEW THIS MORNING IN YOUR ECONOMY, ...and more »
  
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• Silver bullet: Reverse mortgages offer golden opportunity for profitable loan growth

  01-05-2017 06:01
  
  Fannie Mae’s National Housing Survey found that 37% of senior homeowners felt concern for their finances during retirement, yet only 6% of seniors are interested in utilizing home equity as a financial solution. With $6.2 trillion in home equity to bolster retirement income, why aren’t more senior homeowners taking advantage of products like reverse mortgages? 
  
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• Secondary market forecast

  01-05-2017 06:01
  
  About a week before the November 2016 election, the U.S. Treasury market started to move lower. The cause of this increase in yield on the benchmark 10-year bond was not fear of an interest rate hike by the Federal Open Market Committee or the specter of higher inflation. No, the outlier event that shook the financial world out of years of torpor was a commercial real estate developer named Donald John Trump.
  
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• Reimagining mortgages from a consumer perspective

  01-05-2017 06:01
  
  The time has come for internal workflows to be reimagined or all we’ll end up with is a shiny new chassis with a traditional, manual, cobbled-together process under the hood. I’m talking about the elements that make or break a mortgage transaction, such as valuations, investor requirements and reviews, compliance, surprises at the closing table, paper-based payment systems, onboarding, and the list goes on and on. 
  
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• Monday Morning Cup of Coffee: S&P economist dissects Trump's first 100 days

  01-05-2017 06:01
  
  So what’s the big deal about this weekend being the 100th day in office for President Donald Trump?An S&P economist breaks down the outlook for GDP. Also, coverage kicks off at MBA Secondary. Find out who from HousingWire will be there. Finally, what's the significance of the latest mortgage bond? Click to find out.
  
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• May Kudos: Celebrating milestones, launches and awards in the mortgage industry

  01-05-2017 06:01
  
  Top producers with Primary Residential Mortgage were invited to a Costa Rican elementary school during its 12th annual top producers event. Thirty-five team members participated in a day of giving back at Mercedes Elementary School in Ortega, Costa Rica, where teachers and students received essential items needed for its daily activities. The exterior of the school received a facelift from volunteers and they also repaired a roof that had been previously damaged.
  
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• Lending Leaders: Fannie Mae mitigates lender pain points with Day 1 Certainty

  01-05-2017 06:01
  
  “The great thing about Day 1 Certainty is that it mitigates some long-time lender pain points,” said Andrew Bon Salle, executive vice president of single-family business at Fannie Mae. “We’re enabling a more accurate, simpler digital process. Lenders and borrowers benefit by moving away from the manual processes prevalent in the industry today.”
  
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• How to lead a productive sales team

  01-05-2017 06:01
  
  The Corporate Leadership Council recently conducted a study on the effectiveness of employee engagement in American business, surveying over 50 industries and 50,000 employees. The results prove what great managers already know: there is an incredibly strong correlation between employee engagement and performance.
  
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• HOT or NOT May: What's trending in housing right now

  01-05-2017 06:01
  
  Despite the current lack of inventory in the housing market, homebuyers can still successfully close on a house with a low down payment, according to a survey of more than 800 Redfin real estate agents. The survey found half of agents reported that the typical down payment for successful buyers in their market was less than 20%, even though competition is extremely fierce.
  
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• Company Spotlight: United Wholesale Mortgage

  01-05-2017 06:01
  
  “Technology and consumer-driven tools are building momentum within the mortgage industry,” said Mat Ishbia, president and CEO of UWM. “With Blink, new homebuyers or existing homeowners will be able to initiate the loan process from any mobile device, in the comfort of their home, on their own time. It is a focus of ours to give brokers access to the best technology tools to compete with the mega retail lenders.”
  
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• Miami's real estate drawing Middle Eastern buyers - Miami Herald

  01-05-2017 04:36
  
  Miami Herald
  Miami's real estate drawing Middle Eastern buyers
  Miami Herald
  Every month, the Miami Association of Realtors announces the top 10 foreign countries that use its website to search for Miami real estate. As you might expect, this list typically features the “usual suspects” month after month, such as Colombia ...
  
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• New Orleans real estate transfers for April 1-7, 2017 - NOLA.com

  01-05-2017 01:30
  
  New Orleans real estate transfers for April 1-7, 2017
  NOLA.com
  Baronne St. 1137: 1137 Baronne Street LLC and Parkway Partners Program to Richard W. Huye Jr. and Stephanie B. Huye, $646,900. Baronne St. 1600, 2005, 2103, Second St. 2135: Cabbage Alley Partnership LLC to New Home Full Gospel Ministries, ...
  
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• Why Buyers May Regret Living in a Cul-de-Sac

  01-05-2017 00:00
  Living in a cul-de-sac offers plenty of appeal, but here are some things your clients should consider to make sure it's a goof option for them...
  
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• The Biggest Roadblocks to Closing

  01-05-2017 00:00
  Twenty-three percent of real estate professionals say they faced closing delays for a transaction in March. These are the main issues hamstringing...
  
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• New Households Favoring Homeownership

  01-05-2017 00:00
  For the first time in a decade, more new households chose to buy a home rather than rent one in the first quarter of 2017, according to the Census...
  
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• Home Prices Grow Twice as Fast as Incomes

  01-05-2017 00:00
  "It can't be sustained," warns a prominent economist.
  
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• Cities With the Most Cash Sales

  01-05-2017 00:00
  Find out where buyers in more than half of all transactions are paying all cash.
  
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• 3 Ways to Generate More Leads This Spring

  01-05-2017 00:00
  Now that people are emerging from winter hibernation, use these tips to get in front of more customers and build your client base.
  
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